XML 68 R51.htm IDEA: XBRL DOCUMENT

Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Summarized Financial Information of Reportable Segments

The following is a summary of the financial information of our reportable segments as of and for the years ended December 31, 2021, 2020 and 2019 reconciled to the amounts reported in the consolidated financial statements.


				Subtotal—Reportable Segments		Eliminations and All Other		Consolidated Total
	FPD	FCD
	(Amounts in thousands)
Year Ended December 31, 2021:
Sales to external customers	$2,468,098	$	1,072,962	$	3,541,060	$	—	$	3,541,060
Intersegment sales	2,750	2,924		5,674		(5,674)		—
Segment operating income (loss)	243,203	119,651		362,854		(92,095)		270,759
Depreciation and amortization	51,094	21,286		72,380		27,442		99,822
Identifiable assets	2,927,346	1,223,316		4,150,662		599,106		4,749,768
Capital expenditures	21,575	12,283		33,858		21,078		54,936


				Subtotal—Reportable Segments		Eliminations and All Other		Consolidated Total
	FPD	FCD
	(Amounts in thousands)
Year Ended December 31, 2020:
Sales to external customers	$2,673,705	$	1,054,429	$	3,728,134	$	—	$	3,728,134
Intersegment sales	1,965	3,120		5,085		(5,085)		—
Segment operating income (loss)	270,960	125,573		396,533		(146,256)		250,277
Depreciation and amortization	52,390	21,949		74,339		26,414		100,753
Identifiable assets	3,039,069	1,308,136		4,347,205		967,472		5,314,677
Capital expenditures	21,714	14,043		35,757		21,648		57,405


					Subtotal—Reportable Segments		Eliminations and All Other		Consolidated Total
	FPD		FCD
	(Amounts in thousands)
Year Ended December 31, 2019:
Sales to external customers	$	2,704,445	$	1,235,252	$	3,939,697	$	—	$	3,939,697
Intersegment sales	1,833		3,631		5,464		(5,464)		—
Segment operating income (loss)	343,514		191,945		535,459		(148,836)		386,623
Depreciation and amortization	50,845		23,577		74,422		31,482		105,904
Identifiable assets	2,974,161		1,333,926		4,308,087		630,190		4,938,277
Capital expenditures	26,450		14,449		40,899		34,817		75,716

Schedule of Sales and Long-lived Assets by Geographic Area

Sales and long-lived assets by geographic area are as follows:


	Year Ended December 31, 2021
	Sales		Percentage		Long-Lived Assets(a)		Percentage
	(Amounts in thousands, except percentages)
United States	$	1,376,771	38.9	%	$	476,176	49.2	%
EMA(1)	1,270,326		35.9	%	298,426		30.8	%
Asia(2)	557,314		15.7	%	141,810		14.6	%
Other(3)	336,649		9.5	%	51,688		5.4	%
Consolidated total	$	3,541,060	100.0	%	$	968,100	100.0	%


	Year Ended December 31, 2020
	Sales		Percentage		Long-Lived Assets		Percentage
	(Amounts in thousands, except percentages)
United States	$	1,463,680	39.3	%	$	455,622	46.2	%
EMA(1)	1,385,245		37.2	%	336,577		34.1	%
Asia(2)	535,440		14.4	%	138,947		14.1	%
Other(3)	343,769		9.1	%	55,278		5.6	%
Consolidated total	$	3,728,134	100.0	%	$	986,424	100.0	%


	Year Ended December 31, 2019
	Sales		Percentage		Long-Lived Assets		Percentage
	(Amounts in thousands, except percentages)
United States	$	1,632,582	41.4	%	$	481,474	48.0	%
EMA(1)	1,397,308		35.5	%	312,668		31.2	%
Asia(2)	551,759		14.0	%	143,848		14.3	%
Other(3)	358,048		9.1	%	64,846		6.5	%
Consolidated total	$	3,939,697	100.0	%	$	1,002,836	100.0	%

___________________________________

(1)"EMA" includes Europe, the Middle East and Africa. Germany accounted for approximately 6% for 2021, 7% for 2020 and 6% for 2019, of consolidated long-lived assets. No other individual country within this group represents 10% or more of consolidated totals for any period presented.

(2)"Asia" includes Asia and Australia. No individual country within this group represents 10% or more of consolidated totals for any period presented.

(3)"Other" includes Canada and Latin America. No individual country within this group represents 10% or more of consolidated totals for any period presented.